The investor will take a stake in Zando through its German holding company.
Launched in January 2012, Zando is an online fashion store. Customers can pay for their purchases using multiple payment methods including cash on delivery, electronic funds transfer, credit cards, debit cards and ebucks.
JP Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JP Morgan Chase, the parent company of JP Morgan Asset Management, is a global financial services firm with operations in more than 60 countries. The firm provides investment banking, financial services for consumers, small-business and commercial banking, financial transaction processing, asset management and private equity.
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